new Ere On June 30, 2017, Sarasota Company issued $5,000,000 face value of 13%, 20-year bonds at $5,376,148, a yield of 12%. Sarasota uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. w eg 14-10 (Part 1 Exercise 1-5 (a) Your answer is correct. Probleme Problemet rd the following transactions. (Round answer to o decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account tities and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Review Score Review Results by Study Mobile Site (1) The issuance of the bonds on June 30, 2017. (2) The payment of interest and the amortization of the premium on December 31, 2017 (3) The payment of interest and the amortization of the premium on June 30, 2018 (4) The payment of interest and the amortization of the premium on December 31, 2018. Na Dale A T end Explanatina (1) June 30, 2017 cash Premium on Bonds Payable Bonds Payable (2) December 31, 2017 Interest Expense Premium on Bonds Payable (3) june 30, 2018 interest Expense Premium on Bonds Payable I Cash (4) December 31, 2018 interest Expense Premium on Bonds Payable Click if you would like to show Work for this question Open Show Work Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2018, balance sheet. (Round answers to o decimal places, e.g. 38,548.) Sarasota Company Balance Sheet Click if you would like to Show Work for this questions Open Show Work